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Retail Shelf Space Allocation

Hossein Nia Shavaki, Fahimeh | 2015

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  1. Type of Document: M.Sc. Thesis
  2. Language: Farsi
  3. Document No: 46913 (01)
  4. University: Sharif University of Technology
  5. Department: Industrial Engineering
  6. Advisor(s): Akbari Jokar, Mohammad Reza
  7. Abstract:
  8. Retail stores are one of the members of each supply chain which connect end customers to the other parts of supply chain. Matching customers demand with product supply, is one of the most important duties of retail stores. There are a big variety of products in retail stores and also many new products continuously enter to the stores, in the other hand available spaces for displaying products are limited and keeping those products in the shelves and warehouses will cost. However the amount and location of displaying products in shelves, directly effect on customer demands. When deciding about shelf space allocation, all of these issues should be considered. In addition, inventory control is one of the most important concerns of retailers which closely relates to shelf space allocation decision. In fact each order quantity and duration of ordering cycle will effect on inventory levels on the shelves and also on the demands and benefits. By optimizing shelf space allocation and inventory control simultaneously, retailers can improve their productivity and efficiency. In this study, first there is a literature review about shelf space allocation approaches and solving methodologies. Then a model is developed that decides about shelf space allocation and inventory control. In that model decision variables are: the amount and location of displaying of products, order quantity and the inventory level of product when a new order will arrive. For solving proposed model a genetic algorithm is used. Finally performance of model and algorithm is investigated and a sensitivity analysis is done
  9. Keywords:
  10. Inventory Control ; Replenishment Game ; Retail Stores ; Reorder Point ; Shelf Space Allocation

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